When I was a child all I ever thought about was being a real estate investor. And girls. And Sports. And Food. OK so maybe being an investor isn't ALL I thought about. However, when I became an adult it was definitely all I thought about.. Especially driving in to a job I didn't care about, where I was making just enough money to be broke. I envisioned a real estate investing career full of foreign cars, drinks on black sand beaches and boat loads of cash, just like the 3am infomercials. As I stand here before you today I know all too well that this is seldom the real life of a real estate investor.
When I was younger I wanted to put forth a minimal amount of work to achieve a vast result and I've come to find that life doesn't reward you that way. People mention real estate as a passive stream of income that flows in effortlessly but from my experiences there is much more to the story. Successful real estate investors work on their business and implement systems so that the business can run without them being there 24/7 but they are still involved and the business is everything but passive. That's OK though. If you love real estate like I do, then who cares if you have to put work in? If you hate it and are just looking for "easy money" then I would suggest you exercise caution. Your efforts may be more in tune with the stock market than real estate.
Bottom line is in order to determine if an investment strategy is right for you, you must first determine what your goal is. If you want to be a passive investor real estate may offer you some opportunities; however, you should ask yourself why do you want to invest in real estate. Why not mutual funds? Bonds? Currency? Bitcoin? Or Beanie Babies even? I love real estate and that's why I choose to pour my time into it, before you find a vehicle to accelerate your money see what exactly it is that you love, it just may change your life!
コメント